Today's picks

NIFTYCurrent: 5,615 (fut: 5,620)Target: NA
A swing session could take the index till either 5,550 or 5,675. Stop loss shorts at 5,650 and stop loss long positions at 5,580. A strangle of long 5500p (8) and long 5700c (12) is cheap but risky due to expiry, gaining only if the Nifty moves beyond 5,480 or 5,720 by November 27.

ICICI BANK Current price: Rs 1,045Target price: Rs 1,065

The stock has a potential upside till Rs 1,065-1,075. Keep a stop at Rs 1,030 and go long. Add to the position between Rs 1,050-1,060. Book profits above Rs 1,065.

BHEL Current price: Rs 223Target price: Rs 212
The stock hit a new low at Rs 220-221. If it falls below Rs 219, it could drop till Rs 205 and the minimum target would be Rs 210-212. Keep a stop at Rs 228 and go short. Add to the position between Rs 217-219. Book profits below Rs 212.